Thursday, April 05, 2007

Reliance Retail keen on going in for used car sales

It looks like Reliance Retail might be planning a new business model, one for used car sales which is likely to be similar to Maruti’s True Value and Mahindra’s Automart, and would focus on used car sales. The company had earlier announced its plans to set up an automobile service center at all of its retail stores, along with auto finance divisions. The company has been holding talks with Corghi SpA, an Italian firm to take care of the auto servicing.

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